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20121207
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to raise taxes in this horrific obama recovery. debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling because that is also presenting itself as another ugly battle. and you know what, paul begala, it is being said that that is one heck of a piece of boehner leverage. >> well, it is. but i think it's outrageous. i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. >> which is not what the president wants, but there's
. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the p
. the president obama would like to ask for a blank check to add as much to the national debt as president obama sees fit. in the meantime, we are expecting to hear from nancy pelosi. each side is speaking out every night and every day. moments ago, speaker of the house john boehner said this. >> the white house spent three weeks trying to develop a proposal. they call for $1.6 trillion in new taxes. calling for not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount that we would cut. i mean, it is not a serious proposal. so right now we are almost nowhere. megyn: alan colmes and lars larson are with us now. let's just focus on this debt ceiling. the reason we find ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the
's fiscal cliff offer spurned by republicans. obama takes hard line on debt. which might be news to some people in the parenthetical. tony is a political correspondent and mark hannah is a former aide to the john kerry and barack obama presidential campaigns. some of the media tries to short form the story and comes up with a headline that can be barbed easily. this is suggested by a cable anchor who suggested the media has been arrogant since barack obama won in covering him and in covering in particular this fiscal cliff. tony, your thoughts. >> it could only be an msnbc anchor to take this long to figure out. there have been some media, the financial times which endorsed the president has called the president's bluff on this plan. they say this is the same proposal he put in front of congress that received zero votes a year ago, not even one democratic vote. but what the media has been doing is buying into this story line that president obama has some sort of mandate to do whatever he wants and that is truly false. obviously he has been given more time, but not to ram through an agend
developments of the day: president obama said he believes a framework for a debt-cutting deal can be reached in the coming weeks, possibly before christmas. stocks rebounded on the hopeful talk in washington. the dow industrials gained more than 100 points. and the top appellate courts in egypt went on strike against president muhammad morsi's move to assume near-absolute power. morsi planned to address the egyptian people tomorrow. >> warner: online, we continue our series on social entrepreneurs with a profile of a woman who's breaking taboos. hari sreenivasan has more. >> sreenivasan: harvard business school graduate elizabeth scharpf launched sustainable health enterprises. it helps women in low-income countries to jump start businesses to manufacture and distribute affordable feminine hygiene products. find her story on our social entrepreneurs page. plus, on making sense, paul solman breaks down the pros and cons of investing in i-bonds versus 403(b) retirement savings plans. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonig
for president obama by 20 point. deeply in debt. to suggest we need help from d.c., maybe that detroit city councilmember opened up the door for a request for a federal bailout. martha: one of the biggest burdens on the municipality have been the deals the public unions have struck for their workers. we have seen it in places where the promises have been made where there i not the money to support. i there any question the administration -- that the president is open to the idea that the president is open to bail out these municipalities? >> there is no mention so far. but you are right to point out the union connect. president obama's reelect heavily supported by municipal unions and it's the pensions promised to municipal union workers, that is what is strangling many of the states that are in such dire straight. illinois and california in particular. will quid pro quo be called in by municipal unions like it has been called in by the municipal councilmember. martha: what happens if they don't get it. what happens if there aren't bailouts. >> detroit is bankrupt. other cities have declare
of the obama administration, we got obamacare, the stimulus, a lot of spending that's contributed to the debt. so what we need to do is the reasonable thing, and that's to try to work together to bridge our differences. you're right, nobody's going to get all of what they want, but i think this is an area where the 80/20 rule might asupply. you get 80% of what we find in common we need to do, and leave the other 20% behind. >> greta: coming up, move over, mtv, there's a new music video. that's next. [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >> greta: now this is a first, the very first music video created entirely off instagram, all the way from still photos. no video was ever shot. take a look. >> ♪
to raise the debt ceiling. billy cunningham, we're coming up against -- >> sean, what's wrong with the fiscal cliff that obama designed? this is obama's fiscal cliff. if the republicans cave, we'll have a fiscal cliff in about three or four years that's going to be the grand canyon. we're going to go collapsing. it's going to be awful. >> sean: i agree with you. >> we got to fight like william wallace in "brave heart." fight for america. we can win it in the next 30 days. >> sean: i'm with you. leslie, seriously, why can't we have some significant spending cuts now? the president, first of all, said he only wanted $800 billion when he was running, now he's doubled it, but there's no cuts. government can't find waste, fraud, abuse, cut back on their intoxication and power grab with spending? >> i agree that medicare is one program that has a lot of fraud. quite frankly the president has been very clear that they're going to be -- >> sean: when? when? >> democrats and republicans will have to suck it up. when you guys call caving in, i call compromise. >> sean: republicans compr
that entity, blame, blame, blame. if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take grover norquist. he's good target. once you start blaming grover norquist for a pledge made to get elected by representatives, you are totally doing a bait and switch. all of a sudden the issue of entitlementsbowles. why? they will look straight in the camera and say the gorilla in the room, entitlements. but when the blame game happens and you basically do bait and switch, you create a red herring. in this case, the red herring, and it is red, are tax issues. or taxing the rich even though the real issue you're avoiding, the big one, are the entitlements and th
to pay off the 16 trillion dollars debt. we have companies today that are looking at obama care, we just talked about darden and cheesecake factory, they are talking about lessening full time workers, going to part time, in the environment where we're looking at 8% unemployment, this isn't about solving the economy. it's very obvious now. stuart: all politics all the time, it is redistribution, it's neo-socialism, forget what it will actually do to economic growth, no, what will it do for my political legacy? >> that's the point. it's advancing the causes of bureaucracy and dependency. so you have people who they no long very a full-time job. they have a part-time job. they need more government benefits you need a bigger bureaucracy to administer it. i'm not a big government fan. if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are li
president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop there, because let's say the white hous
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president obama, the biggest whopper is the one about his reckless spending spree. as would be president mitt romney tells it, i will lead us out of this debt and spending inferno. >> oh, come on. really? >> stephanie: how did that go for you, mittens? government -- so here's the graph. government spend -- would you like the fun facts? >> government spending under obama including his stimulus bill is rising at 1.4% annualized pace slower than at any time in four years. >> how outrageous. >> stephanie: look. >> that's very visual. >> stephanie: everybody look. >> see the chart? >> those poor radio people. >> stephanie: as compared to reagan 8.7%. reagan '86-'89. bush two the second term i'm talking about 8.1%. 1.4% is where obama is. >> spending, spend spend! >> outrageous! >> i won't spend that. boehner is flabbergasted. i'm really flabbergasted! >> stephanie: did you see mitch mcconnell said he burst out laughing at the president's proposal. somebody sent me a picture of a galapagos turtle. >> i
$250,000. >> do you support obama having the power to increase the debt limit? >> can you clarify something? when he talk about trillions of dollars in cuts , does that factor cuts in cluded in the sequester? >> in the budget control act, it calls for over $1 trillion in cuts. >> the president opposed to propose of wedlock in a certain amount for entitlement programs. do democrats support that? >> first of all, we do democrats, saw savings in medicare of over $700 billion and affordable care act. we use that money to strengthen medicare and extend its life for almost a decade and to increase benefits for seniors now. is there more opportunity for that? yes. but not at the expense of an official years. there have been all kinds of -- but not at the expense of beneficiaries. >> st. mary's hospital is a catholic institution in san francisco. should they be required to adjust to this new health plan? >> the compromise is a reasonable one. >> madame leader? >> yes. >> would you support that if it is part of the package? >> i want the middle class to get a break. i would hope we could g
the president but this is really over the board when he said congress should keep president obama on a short leash-- >> stephanie: he did not really? >> caller: he did. if he's good we should allow the debt ceiling be raised weekly. if he's bad we should make him wait molly. >> stephanie: you have to google that to mama. really? keep the president on a short leash, wow. let's--whew, that winded me, jim. cindy in michigan. you're on "the stephanie miller show." hi stephanie. >> caller: cindy. >> caller: this point of view only works if you completely forget the crash of '08. the middle class and those at the bottom already took our haircut that was taken by those at the top with no increase for 15 years in the minimum wage. no reform going into that recession in the late 2007-2008 and then private and public pensions and 401ks dropped half their worth in one quarter before obama even got into office. so you know, we've had our property taxes increased our state fees increased and that's mostly to make up for the lost revenue of those mortgages that crashed. >> stephanie: yep. >> caller: when
debt, huge taxes, overwhelming pension problems, which they have a very hard time dealing with. voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on the edge of bankruptcy. megyn: this is a long time coming. this isn't necessarily caused by the wall street meltdown. >> in 1964, it was the most important manufacturing sector in the world. it has been downhill since then. a bailout actually wouldn't really help them. they may be kicking the can for six months, but it essentially doesn't help. megyn: the notion that someone else needs to fix the problem -- somebody other than us needs to fix the problem. the city council of detroit, which is what they have
's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that forces republican leaders to compromise staunch conservatives will likely rebel. more "bill press" up after the break. we will be right back. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do that. but i don't want any more of the usual lozenges and
for not 52 weeks but one week alone. the tax increases that president obama is now trying to push through will really do almost nothing to reduce our national deficit and nothing to reduce our national debt. the white house and democrats in the senate are focused only on tax hikes while they continue ignoring the real drivers of our debt, which is the out-of-control entitlement programs -- social security, medicare, and medicaid. until we find a way to do meaningful entitlement reform, no amount of tax revenue will be able to match the increase in violate spending. -- in entitlement spending. the president continues in his campaign mode going around the country to try to sell his tax hikes. the president and the democrats in congress are willing to go over the fiscal cliff in order to get those tax hikes. rather than negotiate in good faith, they're willing to try to spend their time trying to convince the american people that it's just someone else's fault. going over the fiscal cliff will mean another recession, and this one is squarely on the shoulders of president obama. it will mean
with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surprising. on the show, basically all of the cuts that are coming january 1st are part of the dnc platform except for raising taxes on the middle class which would be $2000 per family under $250,000 income. why would this be a smart thing to do. because january when congress is back in session and they have a few more democrat
: jim sigler is his name-- jim senegal. >> a big obama supporter and his company sped up the dividend payout. stuart: and they borrowed the money, 3 1/2 billion dollars in order to make the $7 per share dividend payout. and somebody downgraded their debt because of that. >> oh, see, now the plot thickens, that doesn't sound good. stuart: it's called hipocracy, that's just mine coming out there. and and dead flat at the opening. the head of the cheesecake factory he says that obamacare will be very costly for small businesses. they will either have to pass the costs along to their customers or cheapen the product, heaven forbid and david overton, i'm quoting now, for those businesses that do not cover their employees, they will be in for a very expensive situation. the price of cheesecake factory up so far this year, down almost 3%, back to 33. the irs is about to release 159 pages of new tax rules, tax rules that will help pay for obamacare. they include, a 3.8% sur tax on investment income of all kinds on upper income people starting next year and .9% health care tax on wages for the
fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on small business that he believes are making too much money and then on everybody else. >> there is movement on these talks and president obama and john boehner spoke on the phone days after republicans offered a hundred billion dollars of tax revenue. republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over the fiscal click? john brown of euro pacific capital is with us and former adviser to british prime minister margaret thatcher and he joins us with his take. thanks for being with us. do you think we are going over the cliff? >> cliff of sorts. the fiscal cliff was created by politicians who lack the courage to do th
unchallenged. the truth is our national debt began to skyrocket under george bush with medicare part d fiasco. year under year under george w. bush, deficit came in at $500 billion. it is finally year of 2007-2008 president obama inherited the mess of trillion dollar annual deficits but none of this has been caused by medicare or medicaid. >> obviously entitlements. those lazy 47 percenters. >> stephanie: maria and david gregory should know better. >> yeah, they do. they're both major news anchors of major news networks. >> they're paying them lots of money to say lies. >> stephanie: the real culprits are the lack of revenue caused by the tax cuts. oh, he sent a helpful pie chart as well. >> we love pie charts. >> we love pie. >> stephanie: i love pie charts and graphs. the military security -- >> pie charts ala mode. >> stephanie: responsible for more than half the remaining spending or the $1.3 trillion. if david gregory would correct guests american public would know what the main drivers are. >> who would be i
for everybody. in the current news center. >> good morning, everybody! president obama is meeting with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want part
is a key part of these solutions. president obama has made it clear that his preference is to raise taxes on families and businesses, but that plan won't fix our national debt. it won't improve the economy. instead, congress should focus on tax reform and real significant spending reductions. the american people have chosen divided government, and with that comes a responsibility for us to work together and to fix the pro-our nation faces. i -- the problem our nation faces. i ask my colleagues to help resolve this fiscal crisis and do what's best for the american people. thank you. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from pennsylvania seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: the gentleman from pennsylvania is recognized for one minute. mr. altmire: mr. speaker, many of the challenges congress will face during the ongoing negotiations over the fiscal cliff is whether or not to renew the wind production tax credit which expires at the end of this year. investing in re
Search Results 0 to 30 of about 31 (some duplicates have been removed)